Tag: Water Front Online

Despite an intense local outcry, NYSEG plans to auction off one of the last major undeveloped sections of shoreline in the Finger Lakes — a 470-acre parcel on the east side of … more: NYSEG will auction off rare Cayuga shoreline property: Petition seeks preservation for public use

UPDATE (August 27, 2021): Support.com shares hit a high of $59.69 this afternoon, triple its close at $19.70 yesterday (Aug. 26). The market value of the company briefly soared to $1.43 billion, … more: Greenidge’s merger partner Support.com rockets upward after carbon neutral bitcoin mining promise

There’s new hope for responsible environmental regulation in the Finger Lakes when Kathy Hochul replaces Andrew Cuomo as governor of New York shortly after midnight tonight. Hochul will have a chance to begin enforcing the … more: Can Gov. Hochul make a clean break from Cuomo policies that hurt the Finger Lakes’ environment?

Although the potentially dangerous Frontenac Point Anomaly has no precise location, size or shape within Cargill Inc.’s vast salt mine under Cayuga Lake, the state purports to prohibit mining within 1000 … more: ‘Frontenac Point Anomaly’: Cayuga Lake’s salt mining hazard located

Cayuga Lake is the No. 1 hot spot in New York for harmful algal blooms (HABs), according to the latest Department of Environmental Conservation map that tracks outbreaks statewide. As of Friday, Cayuga … more: Cayuga Lake leads in HABs; DEC’s latest plan to help gets panned for going easy on big farms

Last week the state Department of Environmental Conservation refused to provide a copy of a letter it received from Cargill in which the company committed to avoid mining around an area of … more: Risks of catastrophic mine flood under Cayuga Lake mount, Cuomo’s DEC guards Cargill’s secrets

Greenidge Generation Holdings Inc. has announced plans to launch its second bitcoin mining operation later this year or in early 2022 at a recently shuttered printing plant in Spartanburg, S.C. GGH’s parent company, … more: Greenidge plans new bitcoin operation in recently shuttered South Carolina printing plant that laid off 400 workers

A 30-year old non-profit environmental group that bills itself as the protector of Seneca Lake’s water quality is catching flak for accepting a $15,000 contribution from the state’s largest landfill, which is … more: Elected leaders, environmental activists in Finger Lakes break with one of region’s largest groups

The union that represents about 40 contract electrical workers at Greenidge Generation’s power plant in Dresden last week derailed a bill that would have imposed a statewide moratorium on energy-intensive cryptocurrency mining, … more: Dems in NYS Assembly allowed IBEW to veto cryptocurrency moratorium bill to preserve union jobs at Greenidge

The peak season for harmful algal blooms, or HABs, is at least two months away, but the Finger Lakes have plenty of other pests and invasive species to worry about before toxic … more: Invasive pests to worry about before HABs strike in late-summer

Crestwood Midstream Partners, the midwestern gas pipeline and storage company that tried for years to win a state permit to store liquid petroleum gas, or LPG, in abandoned salt caverns next to … more: Kinder Morgan to pay $1.23B for pipelines, four gas storage sites as Crestwood exits Schuyler County

Following a surge in power-hungry Bitcoin mining that set environmentalists scrambling, New York lawmakers have introduced multiple bills regulating cryptocurrencies late this legislative session. Anna Kelles (D-Ithaca), a first-term Assemblymember from the … more: Crypto mining moratorium bill targets big energy users; Renaissance hedge fund set to own stake in Greenidge

Reeling from a round of negative publicity it helped trigger on bitcoin’s heavy environmental footprint, Greenidge Generation Holdings LLC has announced plans to operate “carbon neutral” by June 1. The company said Friday it would … more: Despite Greenidge announcement its going carbon neutral, environmental advocates worry about long-term implications

The legislation stems from alarm over the prospect that Greenidge Generation’s proposed expansion of Bitcoin operations at its power plant in Dresden could be the harbinger of a wave of power plant … more: Lawmakers consider bill that would impose 3-year state moratorium on bitcoin mining, force environmental impact statement

Bitcoin mining interests have called Watkins Glen officials in recent weeks to explore the possibility of setting up a cryptocurrency processing operation within the village to take advantage of its cheap electric … more: Bitcoin miners scout for site in Watkins Glen; Canadian bitcoin miner buys power plant near Buffalo

Editor's Note: This story was originally published by New York Focus, written by Peter Mantius. His blog Water Front Online covers the region and state's most important environmental issues.  A decade ago, the … more: Greenidge’s bitcoin mining ambitions are headed for conflict with New York State’s Clean Energy agenda

EarthJustice and the Sierra Club are calling for the Cuomo Administration take decisive action on Greenidge Generation’s pending renewal of its air emissions permit, potentially jeopardizing the plant’s proposed expansion of Bitcoin processing … more: Spotlighting Greenidge’s air emissions, EarthJustice warns: Power-hungry data centers could sink NYS climate goals

Greenidge Generation’s earnings surged last year thanks to its impeccably-timed move into Bitcoin mining, and prospects for even greater cryptocurrency profits look bright — at least for the near term. Company owners … more: As bitcoin’s price rockets ever higher, Greenidge mining profits soar: Will owners’ windfall wealth trickle down?

The NASDAQ stock market responded with wild enthusiasm today to Greenidge Generation Holdings Inc.’s announcement of plans to become a publicly traded company later this year. Fueling that excitement was the company’s … more: NASDAQ goes wild over Greenidge’s plan to go public, expand bitcoin mining 25-fold